SAE Group has announced that Australian education provider Navitas has acquired 100% of SAE Institute and Qantm College.
As a result of the deal, SAE Institute will operate as a standalone division within the expanded Navitas Group. All key SAE Institute management have agreed to stay on, including Tom Misner, who has been appointed to the role of president of global operations.
Speaking to PSN-e, Misner confirms that there will be “no staff redundancies based upon or forced upon us by the new owner”. He also confirms that the deal does not include any SAE real estate or his other companies, AMS Neve and Studios 301.
Reflecting on the SAE Institute purchase, he says that “one of the reasons I have chosen Navitas as a suitable buyer (from four other offers) is the fact that they understand the education business. I feel I have taken SAE as far as possible as a private company; now with the support of a large listed education company SAE will be able to grow faster and expand to new markets.”
Confirming his ongoing involvement in the organisation, Misner adds that it is the new owner’s “intention to continue operating SAE Institute in the very same way I have been running it in the past. The new owners are very aware of the fact that SAE has been and is very successful and do not want to change the operating system. In other words, ‘don’t fix it if it’s not broken’.”
Providing a Navitas perspective, CEO Rod Jones remarked: “Navitas and SAE share a commitment to quality educational outcomes for students and are both equally focused on strong organic growth within their respective fields. SAE will continue to be driven by its existing management team and will maintain its pioneering approach and culture.”